803 Oak Avenue, Panama City, FL 32401 (MLS# 787848)

803 Oak Avenue, Panama City, FL 32401

$496,000

Close to Downtown Panama City and St Andrews.

Property Type: Residential Bedrooms: 6 Baths: 4 Square Footage: 2,914 Lot Size (sq. ft.): 15,987 Status: Active

Current Price: $496,000 List Date: 4/03/2026 Last Modified: 8/04/2026

Overview

Description

Investment Opportunity on 100×160 corner lot in Downtown Panama City! This versatile property is divided into three separate units and offers excellent income potential. It is centrally located near downtown Panama City dining, and shopping. Situated on a large lot with a huge side yard, there's ample space potentially for expansion, additional amenities, or future development. The property features: • Unit 1: 2 bedrooms, 1 bath • Unit 2: 1 bedroom, 1 bath • Unit 3: 3 bedrooms, 2 baths Seller says current rental income – Unit 1 renting for $1,500/month, Unit 3 for $2,000/month, and Unit 2 previously renting between $500-$700/month–bringing total potential income to over $4,000 per month. Live in one unit and rent the others or maximize returns by leasing all three–flexibility makes this property ideal for both investors and owner-occupants. Extensively updated in 2022, including new kitchens, bathrooms, flooring, roof, and more, this property is move-in ready and pos … (Read more)

Listing Details MLS# 787848

Contract Info

List Price/SqFt: 170.21

Location

Area: 02 – Bay County – Central
Street #: 803
Street Name: Oak
Street Suffix: Avenue
State: FL
Zip Code: 32401
County: Bay
Sub Area: 0203 – Bay – Central SW
Subdivision: Gulf Coast Dev Co Plat
Community/Resort: None
Waterfront: No
Parcel ID: 19998-010-000
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
Directions: South on Jenks Ave, Right on 8th Street, this property is located on the corner of Oak and 8th St. Enter house from 8th Street not Oak
Legal Description: GULF COAST DEV PLAT LOTS 11 & 12 BLK 43 MAP 92A4 ORB 4550 P 1447

General Property Info

Sub-Type: Detached Single Family
Design: Triplex
Apx SqFt(Htd/Cooled): 2914
SqFt Source: Prop App Site
Full Baths: 4
Total Baths: 4
# of Stories in Building: Yes
Year Built: 1964
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Lot Dimensions: 100×160
Acreage: 0.37
Lot Size (SqFt): 15987
Pool: No

Listing Info, Tax and Legal

HOA Fee: No
Is Subject Leased: Yes
New Buyer Fee: No
Brokerage Interest: No Interest

Remarks & Misc

Remarks: Investment Opportunity on 100×160 corner lot in Downtown Panama City! This versatile property is divided into three separate units and offers excellent income potential. It is centrally located near downtown Panama City dining, and shopping. Situated on a large lot with a huge side yard, there's ample space potentially for expansion, additional amenities, or future development. The property features: • Unit 1: 2 bedrooms, 1 bath • Unit 2: 1 bedroom, 1 bath • Unit 3: 3 bedrooms, 2 baths Seller says current rental income – Unit 1 renting for $1,500/month, Unit 3 for $2,000/month, and Unit 2 previously renting between $500-$700/month–bringing total potential income to over $4,000 per month. Live in one unit and rent the others or maximize returns by leasing all three–flexibility makes this property ideal for both investors and owner-occupants. Extensively updated in 2022, including new kitchens, bathrooms, flooring, roof, and more, this property is move-in ready and positioned for immediate cash flow. All measurements are approximate and should be verified by buyer.

Dining Room

First: Yes

More Information

Great Room

First: Yes

Appliances

Dryer: Yes
Microwave: Yes
Range – Electric: Yes
Refrigerator: Yes
Washer: Yes
Water Heater – Tankless: Yes

Interior Features

Breakfast Bar: Yes
Floor – Tile: Yes
Floor – Vinyl Plank: Yes
Kitchen Island: Yes
Window – Treatment Some: Yes

Construction/Siding

Brick: Yes
Roof – Composite Shngl: Yes

Existing Leases

Other – See Remarks: Yes

Exterior

Fenced Lot-Part: Yes
Patio Covered: Yes
Patio Open: Yes

Financing

Cash: Yes
Conventional: Yes

Furnished

Unfurnished: Yes

Living Room

First: Yes

Lot Features

Corner Lot: Yes
Sidewalk: Yes
Within 1/2 Mile to Water: Yes

Lot Access

City Street: Yes
Paved Road: Yes

Parking Features

Driveway: Yes

Rooms

Bedroom: Yes
Dining Room: Yes
Great Room: Yes
Living Room: Yes

Showing

ShowingTime: Yes

Utilities

Electricity – Connected: Yes
Sewer Available: Yes
Public Water – Connected: Yes

Sale Type

As Is: Yes

Bedroom

First: Yes

Cooling

Central Air: Yes
Electric: Yes
Mini-Split/Ductless: Yes

Heating

Central: Yes
Electric: Yes
Mini-Split/Ductless: Yes

Primary Bdrm/Primary Bath

MBath Shower Only: Yes
MBed First Floor: Yes

Primary Bath/Primary Bdrm

MBath Shower/Tub Combo: Yes

Property Features

Appliances: Dryer; Microwave; Range – Electric; Refrigerator; Washer; Water Heater – Tankless Bedroom: First Cooling: Central Air; Electric; Mini-Split/Ductless Heating: Central; Electric; Mini-Split/Ductless Existing Leases: Other – See Remarks Exterior: Fenced Lot-Part; Patio Covered; Patio Open Financing: Cash; Conventional Furnished: Unfurnished Living Room: First Lot Features: Corner Lot; Sidewalk; Within 1/2 Mile to Water Lot Access: City Street; Paved Road Dining Room: First Great Room: First Parking Features: Driveway Rooms: Bedroom; Dining Room; Great Room; Living Room Sale Type: As Is Showing: ShowingTime Utilities: Electricity – Connected; Sewer Available; Public Water – Connected

Room Information

Room Name	Level	Dimensions	Length	Width	Remarks
Living Room	First	17 x 15	17.00	15.00	Unit 3
Dining Room	First	17 x 8	17.00	8.00	Unit 3
Bedroom	First	18 x 14	18.00	14.00	Unit 3
Bedroom	First	12 x 11	12.00	11.00	Unit 3
Bedroom	First	12 x 10	12.00	10.00	Unit 3
Great Room	First	16 x 10	16.00	10.00	Unit 2
Bedroom	First	11 x 20	11.00	20.00	Unit 2
Living Room	First	13 x 13	13.00	13.00	Unit 1
Bedroom	First	10 x 14	10.00	14.00	Unit 1
Bedroom	First	10 x 12	10.00	12.00	Unit 1

Listing Office: Local Insight Realty

Last Updated: August – 04 – 2026

Information deemed reliable but not guaranteed.